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NOTE: Yes, it is still available. If interested, please schedule a call to discuss further: https://calendly.com/christian-zarama/15min
Financial Overview:
- Gross Revenue: $268,354
- SDE: $111,278
Add Backs:
- Owner's Salary
- Cell Phone
- Monthly Food Allowance
- Bookkeeper Pay to Owner
Annual Expenses (Based on 2025 Budget):
- Rent: $18,000.00 ($1,500/month)
- Common Expenses: $3,072.00
- Insurance: $2,952.00
- Office: $912.00
- Supplies: $948.00
- Uniforms: $768.00
- Wages: $107,712.00
- Employee Incentives: $900.00
- Food Expenses: $138,804.00
Franchise Fees:
- Royalty: 8% of gross revenue
- FAFT (Advertising Fund): 4.5% (includes rebate incentive averaging $3,460 annually)
Business Summary:
Established in 2004, this Sub Sandwich franchise is strategically located in a small town positioned just 15 minutes outside the Quad Cities region. The restaurant benefits from zero direct food competition along a 17-mile stretch leading to Muscatine, IA, making it the only food destination in the area.
In addition to its strong this Sub Sandwich presence, this location is grandfathered with an exclusive Ice Cream Parlor — the only one within the location and three neighboring towns. The ice cream addition features an 8-tub freezer, specialty shakes, and novelty containers, creating a unique attraction for the community and customers visiting the nearby Drive-in Movie Theatre.
The business is deeply rooted in the local community, supporting summer reading programs, hosting coloring contests, and honoring local veterans. In 2024, the facility underwent a complete remodel, including all new equipment, ensuring modern operations with minimal upcoming capital expenditures.
Business Highlights:
- Nearly 25 years under current ownership
- Fully remodeled in 2024, including new equipment
- Only Ice Cream Parlor in the Location and surrounding towns
- Located along Hwy 61 Bypass with no food competition for 17 miles
- Across from a popular Drive-in Movie Theatre
- Consistent customer base fueled by nearby steel mill and community events
- Offers catering services
- Strong community reputation with long-term employees
- Fully staffed with 11 employees:
- 1 Manager
- 1 Assistant Manager
- 9 Fulltime and Parttime Staff
- Current absentee ownership; significant upside for hands-on owner
- Franchise grandfathered privileges for ice cream parlor
Growth Opportunities:
- Return to owner-operated model to reduce wages and increase profitability
- Expand catering services to nearby businesses and community events
- Maximize marketing within Quad Cities region
- Develop partnerships with the nearby Drive-in Theatre and steel mill workforce
Reason for Selling:
• The seller’s husband has been diagnosed with an illness, requiring the seller to step away from business operations to focus on caregiving responsibilities.
